Australia is going to be destroyed economically.
Australia's current government has a protectionist policy on fossil fuels that caused Australia to miss a big opportunity in renewables, but fossil fuels only contribute about 3% of GDP. Action on climate change is important but the impact of AI could be comparable in scale and impact. The coming AI revolution, that most of the population is not yet awake to, is going to turn the global economy upside down. Yet the Australian Government's announced just $29m over 4 yrs in The Budget. "Paltry" is the only word I can use to adequately describe that.
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